Connected Drug Delivery Devices Market Opportunities, Emerging Technologies 2026
The worldwide Connected Drug Delivery Devices Market was worth USD 361.1 million in 2018 and is expected to be worth USD 4,062.7 million by 2026, growing at a 35.4% CAGR during the forecast period.
Connected drug delivery devices have become increasingly popular in recent years due to their ability to provide patients with a more convenient, accurate, and effective way to administer medication. These devices are designed to connect to the internet, allowing healthcare providers to monitor patients’ medication intake and adjust dosage accordingly. In this article, we will discuss the benefits of connected drug delivery devices, how they work, and why they are a valuable addition to any healthcare provider’s arsenal.
MARKET DRIVERS
The primary reasons driving the connected drug delivery devices market include the rising prevalence of chronic illnesses such as COPD, asthma, and diabetes, as well as the expanding use of connected drug delivery devices.
Benefits of Connected Drug Delivery Devices
Connected drug delivery devices offer a range of benefits to both patients and healthcare providers. One of the primary benefits is the ability to provide patients with a more convenient and accurate way to take their medication. Connected devices can remind patients when it is time to take their medication, and they can even administer medication automatically at the prescribed intervals.
In addition to providing patients with a more convenient way to take their medication, connected devices can also help healthcare providers to monitor patients’ medication intake. By connecting to the internet, healthcare providers can access real-time data on patients’ medication use, allowing them to adjust dosage or medication schedules as needed.
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How Connected Drug Delivery Devices Work
Connected drug delivery devices work by connecting to the internet, allowing healthcare providers to monitor patients’ medication intake and adjust dosage accordingly. These devices typically include sensors that track medication intake and transmit data to a cloud-based platform. Healthcare providers can then access this data via a web portal or mobile application.
In addition to tracking medication intake, connected devices can also monitor other important health metrics, such as heart rate, blood pressure, and blood glucose levels. This allows healthcare providers to gain a more comprehensive view of patients’ health and make more informed treatment decisions.
Segmentation
By Type
- Injectable Devices
- Inhalation Devices and Others
By Technology
- Bluetooth
- NFC (Near Field Communication)
- Others
By End User
- Homecare Settings
- Hospitals
REGIONAL ANALYSIS
North America earned USD 253.0 million in revenue in 2018 and is expected to lead the worldwide connected drug delivery devices market throughout the forecast period.
Why Connected Drug Delivery Devices are Valuable
Connected drug delivery devices are a valuable addition to any healthcare provider’s arsenal for several reasons. First and foremost, these devices provide patients with a more convenient, accurate, and effective way to administer medication. This can improve patient outcomes and reduce the risk of adverse events due to missed doses or incorrect dosing.
In addition to improving patient outcomes, connected drug delivery devices can also help healthcare providers to reduce costs and improve efficiency. By automating medication administration and monitoring, healthcare providers can reduce the need for in-person visits and free up resources for other critical tasks.
Conclusion
Connected drug delivery devices offer a range of benefits to both patients and healthcare providers. These devices provide patients with a more convenient, accurate, and effective way to administer medication, while also allowing healthcare providers to monitor medication intake and adjust dosage as needed. By improving patient outcomes, reducing costs, and improving efficiency, connected drug delivery devices are a valuable addition to any healthcare provider’s arsenal.
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